Milton Friedman Quote

Quote from Milton Friedman,

"Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one."

By:	Milton Friedman (more quotes by Milton Friedman or books by/about Milton Friedman)
	(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"
Categories:	Banking, Economics, Inflation
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